Enterprise

Microsoft Teams Has Seen A 775% Increase In Regions With Social Distancing Enforced (Updated)

By Amit Chowdhry ● Mar 30, 2020

Microsoft is seeing a major increase in its cloud services across regions that have enforced social distancing or shelter in place orders.

Morgan Stanley: No Layoffs In 2020

By Dan Anderson ● Mar 28, 2020

Morgan Stanley’s employees do not have to worry about layoffs in 2020 due to the COVD-19 pandemic. These are the details.

Lockheed Martin Advances Over $50 Million To Suppliers

By Dan Anderson ● Mar 28, 2020

Defense company Lockheed Martin announced it was going to advance over $50 million to suppliers that were affected by the economic slowdown.

Bill Gates Responds To Questions About COVID-19

By Amit Chowdhry ● Mar 28, 2020

Microsoft co-founder and Bill & Melinda Gates Foundation Co-Chair Bill Gates recently answered questions on Reddit and CNN.

Salesforce CEO Marc Benioff Advocates Companies To Take A ‘No Layoff Pledge’

By Amit Chowdhry ● Mar 28, 2020

Salesforce CEO Marc Benioff is asking CEOs to take a 90-day “no-layoff pledge” to help employees get through the COVID-19 pandemic.

Steve Ballmer Donating $25 Million For COVID-19 Relief

By Amit Chowdhry ● Mar 27, 2020

Former Microsoft CEO and Los Angeles Clippers owner Steve Ballmer and his wife Connie have committed $25 million for COVID-19 relief.

Google To Commit Over $800 Million For COVID-19 Relief

By Amit Chowdhry ● Mar 27, 2020

Alphabet CEO Sundar Pichai announced it is committing over $800 million for COVID-19 relief. These are the details about the commitment.

Fast: This Online Login And Checkout Company Just Raised $20 Million In Round Led By Stripe

By Amit Chowdhry ● Mar 27, 2020

Online login and checkout experience company Fast announced it raised $20 million in a Series A round of funding led by Stripe.

How Walmart Is Helping Its Suppliers And In-Store Business Partners

By Amit Chowdhry ● Mar 27, 2020

Walmart announced it is helping its suppliers and in-store business partners. This is some of the actions the retailer is taking.

How Y Combinator Is Helping Combat COVID-19

By Amit Chowdhry ● Mar 27, 2020

Startup accelerator program Y Combinator is now fast-tracking funding for companies that are focused on combating the coronavirus pandemic.

Facebook Names Former Treasury Executive Robert Kimmitt To The Board

By Amit Chowdhry ● Mar 27, 2020

Facebook announced it named former deputy Treasury Secretary Robert Kimmitt to its board as the lead independent board director.

Why Microsoft Is Buying Affirmed Networks

By Amit Chowdhry ● Mar 27, 2020

Microsoft announced it is buying Affirmed Networks — which is a company that specializes in software for mobile carriers.

Origami Capital Announces Final Closing Of Fund IV With $520 Million In Capital Commitments

By Amit Chowdhry ● Mar 26, 2020

Origami Capital Partners announced the final closing of Fund IV with $520 million in capital commitments.

Financial Tech Platform iCapital Network Raises $146 Million

By Annie Baker ● Mar 26, 2020

Financial technology platform iCapital Network announced it closed a $146 million capital raise for fueling its future growth

Enterprise Service Management Company Espressive Closes $30 Million

By Dan Anderson ● Mar 26, 2020

Espressive, a pioneer in AI for enterprise service management (ESM), announced it raised $30 million in Series B funding led by Insight Partners.

Plastiq: $75 Million In Funding And Karen Page Joins Board

By Annie Baker ● Mar 26, 2020

Intelligent payment solution Plastiq announced it closed $75 million in Series D funding led by B Capital Group.

Fort Ross Ventures: $235 Million Second Fund And Sharin Fisher Named Partner

By Annie Baker ● Mar 26, 2020

Venture capital firm Fort Ross Ventures announced it closed Fund II at $235 million and named Sharin Fisher as partner.

Mayfield Closes On $750 Million For 2 New VC Funds

By Amit Chowdhry ● Mar 26, 2020

Venture capital firm Mayfield announced that it has closed on $750 million in new capital across two funds. These are the details.

Ray Dalio Launches Weekly Newsletter On LinkedIn Called ‘The Changing World Order’

By Amit Chowdhry ● Mar 26, 2020

Bridgewater Associates, L.P. Co-Chief Investment Officer & Co-Chairman Ray Dalio recently launched a new weekly newsletter on LinkedIn called “The Changing World Order.”

OfferUp Raises $120 Million And Buys letgo

By Amit Chowdhry ● Mar 26, 2020

OfferUp and letgo, two of the largest platforms for buying and selling locally, announced they are combining their U.S. businesses.

Groupon Shifts Around Executive Team, Aaron Cooper Now Interim CEO

By Amit Chowdhry ● Mar 26, 2020

Groupon CEO Rich Williams is no longer head of the company. This change comes about a month after the company reported its fourth quarter.

Log Management Platform Humio Raises $20 Million Led By Dell

By Amit Chowdhry ● Mar 26, 2020

Log management platform Humio announced it raised $20 million in Series B funding led by Dell Technologies Capital.

General Motors To Tap Into $16 Billion From Credit Lines

By Amit Chowdhry ● Mar 26, 2020

General Motors announced recently that it is going to draw about $16 billion from credit lines in order to increase its liquidity during the COVID-19 pandemic.

Flipkart Is Resuming Sales Of Essential Products

By Dan Anderson ● Mar 25, 2020

Walmart subsidiary Flipkart is now resuming e-commerce services for essential products following federal and state government assurances on the safety of delivery staff.

Twitter Pulls Guidance Due To Coronavirus

By Dan Anderson ● Mar 25, 2020

Due to the COVID-19 pandemic, Twitter withdrew its quarterly forecast. Twitter originally issued guidance in early February at revenues of $825 million to $885 million for the first quarter.

Facebook Usage Soars As Demand For Ads Decline

By Amit Chowdhry ● Mar 25, 2020

The use of Facebook has surged due to the mass quarantine in order to combat the spread of COVID-19. And at the same time, Facebook has been seeing less of a demand for ads.

Churchill Asset Management Closes $2 Billion In Limited Partner Commitments

By Amit Chowdhry ● Mar 25, 2020

Churchill Asset Management, an investment-specialist affiliate of Nuveen, announced it completed fundraising for a Fund at $2 billion in commitments.

Arkose Labs Secures $22 Million Led By Microsoft’s M12

By Amit Chowdhry ● Mar 25, 2020

Arkose Labs, a provider of online fraud and abuse prevention technology, announced it raised $22 million in Series B funding led by Microsoft’s venture capital arm M12.

Dollar General: Hiring 50,000 And $35 Million In Bonuses

By Noah Long ● Mar 25, 2020

Dollar General has announced it is planning to invest about $35 million in bonuses for all store, distribution center, and private fleet employees. And the company is hiring 50,000 people.

Brex Acquires Neji, Compose Labs, And Landria

By Amit Chowdhry ● Mar 24, 2020

Credit card company Brex -- which is valued at $2.6 billion -- announced it has acquired three companies, including Neji, Compose Labs, and Landria.